VersaPay Corporation, a provider of merchant credit, debit, gift and
loyalty card payment processing solutions, today announced that it has
granted incentive stock options to Wendy Porter, a Director of the
Company, to purchase 68,000 common shares in the capital stock of the
Company pursuant to the Company’s approved share option plan. The
options are exercisable at a price of $1.36 per share on or before
August 24, 2012, subject to the approval of the TSX Venture Exchange.
VersaPay’s proprietary technology enables businesses and consumers
across Canada to accept and process credit, debit and gift card
transactions. As a payment services and financial technology company
serving over 3,000 Canadian businesses, VersaPay, in conjunction with
its partners, provides the hardware, technology, infrastructure and
support services that businesses of all types require to accept and
process electronic payments from their consumers and clients.
While its core business is payment processing services, VersaPay also
provides enhanced financial technology solutions such as VersaEFT – the
Company’s proprietary Electronic Bill Presentment and Payment solution –
which enables merchants and consumers to easily transact with one another.
The Company was recognized by PROFIT Magazine as Canada’s Top Emerging
Growth Company and was ranked Number 1 in Canada on the 2009 HOT 50
List. VersaPay is headquartered in Vancouver, Canada and has operations
in Toronto and Montreal. To learn more about VersaPay, visit